Bermuda is a sophisticated, innovative and well-regulated jurisdiction for insurance. Beginning in the late 1960s and early 1970s and driven by rising insurance premiums and diminishing property and casualty coverage, Bermuda emerged as the domicile of choice for the majority of the world's captive industry.

Bermuda is one of the largest (re)insurance hubs in the world, known for providing substantial capacity and innovative products. The market is comprised of over 1,100 (re)insurers holding total assets in excess of $1.6 trillion and writing gross premium of approximately $268 billion (as of 2021).

Authority means: The Bermuda Monetary Authority (BMA), an independent statutory authority established under the Bermuda Monetary Authority Act 1969. The BMA has statutory responsibility for the supervision and regulation of financial institutions including insurance companies and insurance intermediaries in Bermuda.

The accumulation of reinsurance expertise combined with Bermuda's successful alternate investment fund industry has now made Bermuda the lead jurisdiction for the convergence of capital and (re)insurance markets. More than half of the world's Insurance-Linked Securities ($16 billion) are now listed in Bermuda.